Today’s real estate training and coaching show is about the skills REALTORS need now. This new market requires new real estate skills. This is part one, tomorrow is part 2. 1. You’ll be having long relationships with both your sellers and buyers. Longer with your buyers because they may take longer to qualify, end up […]
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Single-family rents jumped +14% y/y in April for the 13th month of record-breaking annual gains. April’s Single-Family Rent Prices Spurred by Supply Shortages & Strong Job Market CoreLogic’s just released Single-Family Rent Index (SFRI) indicated that single-family rent growth continued its hot streak in April. Single-family rents jumped +14% y/y for the 13th consecutive month […]
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Average purchase mortgage requests have shrunk -10% since March. Average Purchase Mortgage Request Down to $413,000 Rising mortgage rates are hampering mortgage demand as well as mortgage loan sizes, according to a survey of lenders by the Mortgage Bankers Association (MBA). For the week ending June 24, the average purchase loan request was $413,500, down […]
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National rent prices simultaneously hit a new record high AND displayed some early signs of cooling in June. Key Takeaways from Zumper’s Latest National Rent Report Zumper, an online rental marketplace, just released its latest national rent report for June 2022. Here are some key takeaways from this report: Median rent for a one-bedroom rental […]
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More and more home sellers are lowering their asking prices as rising interest rates increasingly diminish the number of buyers who can still afford to buy. Sellers in Mid-Sized Pandemic Hotspots Seeing Highest Share of Price Cuts As fast-rising mortgage rates cut homebuyers’ budgets and 80% of homebuyers think that now is a bad time […]
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Today we’re discussing the 7 top reasons that most real estate agents actually fail out of the business. According to the National Association of Realtors, 87% of licensed Realtors FAIL out of the business in 5 years or less. That means only 13% survive. Why is this and how can you be part of the 13% […]
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As of mid-June, Opendoor’s median buy-to-list premium dropped to 7.3% from its March record high of 17%. Opendoor’s Buy-to-List Premium Returns to Earth Due to the huge uptick in home appreciation earlier in 2022, Opendoor’s buy-to-list premium, the difference between the purchase price and the current listing price of a property, dropped spectacularly from a […]
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Some are asking, “Is today’s housing market in the same predicament that it was over a decade ago, when the 2007-08 crash caused the Great Recession?” Short Answer: NO The 2022 housing market is MUCH healthier today, thanks, in part, to new, stricter lending regulations that came out of the 2007-08 meltdown. Reasons Short Answer […]
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Fannie Mae lowered its forecast of mortgage originations and home sales as the Federal Reserve raised its rates. Another Revision of Fannie Mae’s Projections for 2022 Housing Market Fannie Mae’s Economic and Strategic Research (ESR) Group lowered its anticipated mortgage origination volume to $2.6T in 2022 from $2.7T in May and from $2.8T in April. […]
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On today’s real estate coaching and training show Tim and Julie Harris will share with you how to create your dream vision boards and set meaningful goals. Are you visualizing your success? Are you taking it seriously? Follow this success strategy to create your Dream Board for the rest of this year! HINT: A goal is […]
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Tim and Julie Harris 